Sign In

Investment Account Finance                            Last Update 13-09- 2021


Make your investments work. Now you can get uncomplicated financing by applying for a personal finance guaranteed by fund's account / investment portfolios.


Features:

·         Sharia'h Compliant.

·         Guarantee accounts: more than one account can be accepted provided that the funds belong to one account.

·         Variety of payment methods based on the contract signed between the customer and the bank.

·         Possibility of early settlement.

·         Insurance coverage in case of death or total disability (God forbid) as per insurance policy terms and conditions.

Terms & Conditions:

NationalitySaudis & Non-Saudis.
AgeNot less than 18 years, and there is no maximum age.
Finance MaturityMinimum 3 months & Maximum of 36 months.
Finance AmountMinimum 100,000 SAR & Maximum 3,000,000 SAR.
Type of GuaranteeFund accounts/investment portfolios in SNB, or SNB Capital & a pledge to making it a guarantee to the benefit of SNB
Amount of GuaranteeObligation on an amount from funds account / investment portfolios according to the quality of the account and the amount of Loan for each specific account covering the total value (the amount of financing + rate).
Payment mechanismAutomatic debiting from the customer's account is mandatory.
Installments PaymentMonthly - Quarterly - Semi-annual - Annually - 2 years after maturity - 3 years after maturity
Early repayment

Early repayment is performed at the customer's request and the source of repayment amount is as follows:

·         Liquidate the Fund's account / portfolios on which funding has been granted. 

·         From the customer's current account if it covers the required amount.

Guarantee

Allows the customer to change the guarantee account under the following conditions:

·         That the fund account / new investment portfolios, which he wants to be the funding guarantee, are from the approved list. 

·         That the amounts of balance in the fund account / new investment portfolios cover the total amount of remaining funding.


Terms and conditions applied.
Administrative fees 0%

Finance AmountMaturity in Years*APRMonthly Payment Amount
3,000,000 SAR1 payment for 3 Years3.11%
3,292,500 SAR
1,000,000 SAREach Quarter for 2 Years3.08%129,375 SAR
500,000 SAR3 Years Monthly1.93%14,301 SAR

Note: Payments will be monthly, quarterly, semiannually, annually, every two years or at the end of the loan period based on the contract signed between the customer and the bank.

The above table is for example purposes as APR may differ depending on the finance amount, salary amount, employer and maturity period and subject to credit scoring of each customer.


For more information, please contact SNB Customer Service (Sales Unit) in Phone Banking on 8002441005